Award

HMT - Payments Scheme

CROWN COMMERCIAL SERVICE

This public procurement record has 1 release in its history.

Award

29 Dec 2017 at 11:26

Summary of the contracting process

The procurement process for the "HMT - Payments Scheme" is managed by the Crown Commercial Service, which operates as a buyer under HM Treasury. This contract falls under the financial services industry and is located within the UK. The procurement phase has reached the Award stage, having been completed on 11th November 2016, with a contract period extending from 16th November 2016 to 15th November 2023. The contract value is set at £1,800,000, and the procurement was conducted using a selective method via a call-off from a framework agreement.

This opportunity may facilitate significant growth potential for companies with expertise in financial transaction processing and pension services. Businesses that specialise in managing payment systems, data maintenance, or financial reporting would be well-positioned to compete in similar future tenders. As the awarded contract is already in place, it underscores the importance of staying informed about such opportunities for potentially lucrative service provisions in the public sector.

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Notice Title

HMT - Payments Scheme

Notice Description

This contract has already been awarded and is published for transparency purposes. HM Treasury is the government's economic and finance ministry, maintaining control over public spending, setting the direction of the UK's economic policy and working to achieve strong and sustainable economic growth. The services covered are to make payments; maintain and update data; and provide reporting and management information for the Equitable Life Payment Scheme (ELPS).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7cc6b8c8-5582-4e53-863d-893379b1a0da
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/961dcde2-82d8-4f6b-9ecc-b5c1581b03d9
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66172000 - Financial transaction processing and clearing-house services

66520000 - Pension services

Notice Value(s)

Tender Value
£1,800,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,580,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Dec 20178 years ago
Submission Deadline
15 Nov 2016Expired
Future Notice Date
Not specified
Award Date
11 Nov 20169 years ago
Contract Period
16 Nov 2016 - 15 Nov 2023 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
CROWN COMMERCIAL SERVICE
Contact Name
CCS
Contact Email
supplier@crowncommercial.gov.uk
Contact Phone
03450103503

Buyer Location

Locality
LIVERPOOL
Postcode
L3 9PP
Post Town
Liverpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified

Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
1
Supplier Name

CAPITA BUSINESS SERVICES

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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